Research Reports

Market Overview

• The Global PET Film Market is expected to grow at a high CAGR during the forecasting period (2019-2026).
• Polyester or polyethylene terephthalate (PET) is a high-performance, crystal clear thermoplastic made from ethylene glycol and dimethyl terephthalate (DMT). In comparison with other common plastic films, PET film has higher tensile strength, excellent dimensional stability, low moisture absorption, and good retention of physical properties over a fairly wide temperature range. It also has superior UV resistance, excellent electrical properties, good optical clarity, high gloss, and good gas barrier but only moderate moisture barrier properties. It is the ideal film for quality printing and lamination and a good choice for a high-performance plastic films and sheets. It has a relative high melting point, which makes it suitable for applications that require sterilization at high temperatures.

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Market Dynamics

• The global PET Film Market is primarily driven by rising demand of flexible packaging. The driving force for flexible packaging are factors such as the increase in demand for convenient packaging needed in the food & beverages and pharmaceutical industries. And the other factor for the growth of PET film market is the rising demand for the electronics devices market such as mobile, LCDs and others. The panels display in these electronic devices use Pet films which indeed drives the market for PET films.
• However, due to volatility in the prices of crude oil which the raw material for the PET resins acts as a hindrance to the PET film market.

Segmentation Analysis

• By application type, the global PET Film Market is segmented into Flexible packaging and food contact applications, Solar, marine and aviation applications, covering over paper, Insulating material, Electronic and acoustic applications, and Others. Flexible packaging and food contact applications type has the high dominance in this segment due to the property of PET Film having low odor, high chemical resistance and inertness that makes it suitable for packaging applications under FDA regulations. Followed by First Grade, and Qualified Grade.

Geographical Analysis

• By geography, the global PET Film Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and Middle East and Africa (MEA).
• APAC holds the largest market share for PET Film due to rapid industrialization and infrastructural development activities along with the high production and sales of electrical & electronics products in the region. Developing nation like China and India has high demands for PET Film market due to use in the panel displays in electronics devices like mobile, LCD and others has made APAC to hold most of the market share. However, North America is after APAC in terms of market share of PET Film Market, followed by Europe.

Competitive Analysis

• Key players are adopting strategies such as Acquistion, mergers, joint ventures, and investment in R&D to stand out as strong competitors in the market. The PET Film market is high fragmented market. The major players include Dupont Teijin Films, Jindal Poly Films, Mitsubishi Chemical Holdings, SKC, and Toray. Other key players in the market include Tredegar, KOLON Industries, Ningbo Sun plastics , Coveme , and Jiangsu Shuangxing.
• In June 2018, Indorama Ventures Ltd. entered a joint venture agreement with India's Dhunseri Petrochem Ltd. (Dhunseri) to acquire its 450ktpa PET production facility in Egypt. The facility, which belongs to the Egyptian Indian Polyester Company SAE (EIPET), is located in Ain Sokhna free trade zone, northwest of the Gulf of Suez.
• In December 2017, Mitsubishi Polyester Film is constantly developing new film types to meet the market needs and requirements of its customers. One of our new developments is Hostaphan® TC, a heat conductive PET-film. Electric currents create heat as waste energy. Getting the heat out is a big issue in many electrical devices like electro motors and engines, generators and transformers. Polymeric films offer the electric insulation performance needed in such devices but are in general very bad heat conductors. Hostaphan® TC is a thermal conductive film with twice of the heat conductivity λ of standard PET film while maintaining the good insulation properties

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